Why is Kovai Medical falling/rising?

As of 10-Jul, Kovai Medical Center & Hospital Ltd is experiencing a price increase, currently priced at 6,480.00, reflecting a rise of 80.0 points or 1.25%. The stock has recently hit a new 52-week and all-time high of Rs. 6500, and it has outperformed its sector by 2.25%. Over the past six days, the stock has shown a consecutive gain, rising 10.77% during this period. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has demonstrated strong performance with a year-to-date return of 8.54% and a remarkable 50.73% return over the past year, indicating consistent growth. Positive factors contributing to this rise include high management efficiency, a low debt-to-EBITDA ratio, and a fair valuation compared to peers, while the risks include concerns about long-term growth and flat results in March 2025.
In the broader market context, Kovai Medical's short-term return of 8.42% over the past week stands in contrast to the Sensex, which has remained nearly flat at -0.06%. This indicates that Kovai Medical is not only performing well relative to its historical benchmarks but also significantly outpacing the broader market in recent weeks. The stock's strong liquidity, evidenced by a substantial increase in delivery volume, further supports its upward movement, suggesting robust investor interest and confidence in the company's future prospects.